Business in Burma this week: Offshore oil and gas block bidding war – the winners announced; Japan pledges more development aid; Mitsubishi to open branch in Rangoon; Thilawa to vet potential investors; and Manchester United sign Burmese sponsorship deal.

The Yangon [Rangoon] City Development Committee (YCDC) will allow the construction of mandats or pavilions for revellers during Thingyan, the Burmese New Year water festival. Cpt Myo Lwin, YCDC official, said that at least[…]

The looming threat of religious violence in Rangoon is beginning to take its toll on the economy, after authorities force businesses to close early and residents are too scared to venture outside their homes

[album: https://www.dvb.no/wp-content/plugins/dm-albums/dm-albums.php?currdir=/wp-content/uploads/dm-albums/Rangoon bombings/] As thousands gathered in Rangoon last week to celebrate Burmese new year (‘Thingyan’), three bombs exploded in an area close to Kandawgyi lake and popular with revellers.[…]